The purpose of this item is to provide the Board of Trustees with an independent accountant’s report on the financial statements for Athletics in accordance with guidelines set forward by the National Collegiate Athletic Association.

Vice President Shuman will address the committee and present this report.

This item is in response to the Board of Governors’ requirement that the Board of Trustees review the university’s direct service organizations federal Internal Revenue Service Return of Organization Exempt from Income Tax form (Form 990).

Vice President Shuman will address the committee and present this item.